THERMOBUILD
Open bankruptcyFinancials · financial year 2024, micro format
Turnover
€110,744
EBIT margin
32.2%
Net result
€971▼ 55.4%
2023 · €2,178
Working capital
€85,144▼ 1.2%
2023 · €86,138
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result has fallen three years in a row; 2024 is 48% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€5,179
2024
Net result€971
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€164,035
2024
Equity€87,109
2024
Debt€76,926
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€85,144
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency53.1%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.16
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€110,744
Operating result-€14,938-€35,714€36,460▲ 2.1%€32,147▼ 11.8%€9,984▼ 68.9%€5,179▼ 48.1%
Net result-€9,937-€25,304within the sector's middle half€27,123within the sector's middle half▲ 7.2%€19,474within the sector's middle half▼ 28.2%€2,178within the sector's middle half▼ 88.8%€971below the sector's middle half▼ 55.4%
EBIT margin32.2%
Equity€27,059-€52,364within the sector's middle half▲ 93.5%€79,486within the sector's middle half▲ 51.8%€98,961within the sector's middle half▲ 24.5%€86,138below the sector's middle half▼ 13.0%€87,109within the sector's middle half▲ 1.1%
Total assets€83,070-€131,618within the sector's middle half▲ 58.4%€111,580within the sector's middle half▼ 15.2%€181,367within the sector's middle half▲ 62.5%€145,845below the sector's middle half▼ 19.6%€164,035within the sector's middle half▲ 12.5%
Debt€56,010-€79,254▲ 41.5%€32,094▼ 59.5%€82,406▲ 157%€59,707▼ 27.5%€76,926▲ 28.8%
Working capital€31,029-€57,334within the sector's middle half▲ 84.8%€90,456within the sector's middle half▲ 57.8%€115,961within the sector's middle half▲ 28.2%€86,138within the sector's middle half▼ 25.7%€85,144within the sector's middle half▼ 1.2%
Solvency32.6%-39.8%within the sector's middle half▲ 7.2pp71.2%within the sector's middle half▲ 31.5pp54.6%within the sector's middle half▼ 16.7pp59.1%within the sector's middle half▲ 4.5pp53.1%within the sector's middle half▼ 6.0pp
Current ratio1.60-1.77within the sector's middle half▲ 0.185.29above the sector's middle half▲ 3.522.77within the sector's middle half▼ 2.522.44within the sector's middle half▼ 0.332.16within the sector's middle half▼ 0.29
Return on assets (ROA)-12.0%-19.2%within the sector's middle half▲ 31.2pp24.3%within the sector's middle half▲ 5.1pp10.7%within the sector's middle half▼ 13.6pp1.5%within the sector's middle half▼ 9.2pp0.6%below the sector's middle half▼ 0.9pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €164,035
Fixed assets
€5,337
Current assets
€158,698
Equity and liabilities €164,035
Equity
€87,109 ▲ 1.1%
Debt
€76,926 ▲ 28.8%
Debt's share of the balance-sheet total rises from 40.9% to 46.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,567
Cash flow
€3,359
Debt to equity
0.88▲
2023 · 0.69
ROE
1.1%▼
2023 · 2.5%
Interest coverage
8.63
Debt ≤ 1 year
€73,554▲
2023 · €59,707
Debt > 1 year
€3,372
Income taxes
€4,568▲
2023 · €3,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | €110,744 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €660 | - | - | - | - | €2,388 | - |
| Other operating charges640/8 | - | - | - | €3,945 | €2,504 | €3,640 | ▲ 45.4% |
| Non-recurring operating charges66A | - | - | - | €4,306 | - | - | - |
| Gross operating margin9900 | -€12,548 | €36,555 | €36,844 | €40,399 | €12,488 | €11,207 | ▼ 10.3% |
| Operating profit (loss)9901 | -€14,938 | €35,714 | €36,460 | €32,147 | €9,984 | €5,179 | ▼ 48.1% |
| Financial income75/76B | - | - | - | €1,881 | €2,252 | €1,237 | ▼ 45.1% |
| Recurring financial income75 | €6,287 | €4,804 | €494 | €1,881 | €2,252 | €1,237 | ▼ 45.1% |
| Financial charges65/66B | - | - | - | €654 | €6,974 | €876 | ▼ 87.4% |
| Recurring financial charges65 | €1,034 | €8,948 | €846 | €654 | €6,974 | €876 | ▼ 87.4% |
| Profit (loss) for the period before taxes9903 | -€9,685 | €31,570 | €36,108 | €33,374 | €5,261 | €5,539 | ▲ 5.3% |
| Income taxes67/77 | €252 | €6,266 | €8,985 | €13,900 | €3,084 | €4,568 | ▲ 48.1% |
| Profit (loss) for the period9904 | -€9,937 | €25,304 | €27,123 | €19,474 | €2,178 | €971 | ▼ 55.4% |
| Profit (loss) for the period to be appropriated9905 | -€9,937 | €25,304 | €27,123 | €19,474 | €2,178 | €971 | ▼ 55.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €83,070 | €131,618 | €111,580 | €181,367 | €145,845 | €164,035 | ▲ 12.5% |
| Formation expenses20 | - | - | - | €0 | - | - | - |
| Fixed assets21/28 | €30 | €30 | €30 | €0 | - | €5,337 | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | €5,337 | - |
| Leasing and similar rights25 | - | - | - | - | - | €5,337 | - |
| Financial fixed assets28 | €30 | €30 | €30 | €0 | - | - | - |
| Current assets29/58 | €83,039 | €131,588 | €111,550 | €181,367 | €145,845 | €158,698 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €74,549 | €109,422 | €111,467 | €180,837 | €145,058 | €158,471 | ▲ 9.2% |
| Trade receivables40 | - | - | - | €126,367 | €114,950 | €131,009 | ▲ 14.0% |
| Other amounts receivable41 | - | - | - | €54,470 | €30,108 | €27,462 | ▼ 8.8% |
| Cash at bank and in hand54/58 | €8,490 | €22,165 | €83 | €530 | €7 | €64 | ▲ 814% |
| Deferred charges and accrued income490/1 | - | - | - | - | €780 | €164 | ▼ 79.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €83,070 | €131,618 | €111,580 | €181,367 | €145,845 | €164,035 | ▲ 12.5% |
| Equity10/15 | €27,059 | €52,364 | €79,486 | €98,961 | €86,138 | €87,109 | ▲ 1.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €16,945 | €31,945 | €46,945 | €65,945 | €53,123 | €53,123 | = |
| Non-distributable reserves130/1 | - | - | - | €65,860 | €53,038 | €53,038 | = |
| Reserves not available under the articles1311 | - | - | - | €65,860 | €53,038 | €53,038 | = |
| Tax-exempt reserves132 | - | - | - | €85 | €85 | €85 | = |
| Profit (loss) carried forward14 | -€8,486 | €1,819 | €13,941 | €14,415 | €14,415 | €15,386 | ▲ 6.7% |
| Amounts payable17/49 | €56,010 | €79,254 | €32,094 | €82,406 | €59,707 | €76,926 | ▲ 28.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €3,372 | - |
| Financial debts170/4 | - | - | - | - | - | €3,372 | - |
| Amounts payable within one year42/48 | €52,010 | €74,254 | €21,094 | €65,406 | €59,707 | €73,554 | ▲ 23.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €1,719 | - |
| Trade debts44 | €3,891 | €4,073 | €2,926 | €40,401 | €18,730 | €19,545 | ▲ 4.4% |
| Suppliers440/4 | - | - | - | €40,401 | €18,730 | €19,545 | ▲ 4.4% |
| Taxes, remuneration and social security45 | - | - | - | €22,188 | €25,702 | €27,149 | ▲ 5.6% |
| Taxes450/3 | - | - | - | €22,188 | €25,702 | €27,149 | ▲ 5.6% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €2,816 | €15,275 | €25,141 | ▲ 64.6% |
| Accrued charges and deferred income492/3 | - | - | - | €17,000 | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,937 | €25,304 | €27,123 | €19,474 | €2,178 | €971 | ▼ 55.4% |
| + Depreciation and write-downs630 | €660 | - | - | - | - | €2,388 | - |
| Operating cash flow (approximation) | -€9,277 | €25,304 | €27,123 | €19,474 | €2,178 | €3,359 | ▲ 54.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €30 | - | - | - |
| Change in cash | - | €13,675 | -€22,082 | €447 | -€523 | €57 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2024 | micro format | 13-03-2025 | 2025-00048471 |
| 30-09-2023 | full format | 25-08-2024 | 2024-00366973 |
| 30-09-2022 | micro format | 30-12-2023 | 2024-00543236 |
| 30-09-2021 | micro format | 08-03-2022 | 2022-07200356 |
| 30-09-2020 | micro format | 31-03-2021 | 2021-09300562 |
| 30-09-2019 | micro format | 29-04-2020 | 2020-10300170 |
| 30-09-2018 | micro format | 07-03-2019 | 2019-06500365 |
| 30-09-2017 | micro format | 23-04-2018 | 2018-10300332 |
| 30-09-2016 | full format | 28-03-2017 | 2017-07500576 |
| 30-09-2015 | full format | 30-05-2016 | 2016-13800108 |
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Of the 82,516 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,493. 41,763 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.